Cambodia and China last week signed an agreement to exchange financial intelligence to combat money laundering and terrorism financing, though experts said the Kingdom should still be doing more to tackle an issue that has long persisted in the country, in part, due to local corruption. Cambodia’s Financial Intelligence Unit (FIU) and China’s Anti-Money Laundering Monitoring and Analysis Center last Tuesday signed a memorandum of understanding to cooperate to fight the problem, according to an announcement from the National Bank of Cambodia. Both parties “plan to strengthen cooperation focusing on training, capacity-building and technical assistance”, the announcement stated.http://www.phnompenhpost.com/national/cambodia-china-sign-new-mou-money-laundering